Bank of Korea reserves chief promoted to deputy governor

Kwon Min-soo has overseen substantial growth and diversification of the reserves portfolio

Bank of Korea, Seoul
Bank of Korea, Seoul

The Bank of Korea (BoK) has promoted its head of reserves to deputy governor, it said in a statement today (May 16).

Kwon Min Soo takes over as deputy governor for international finance and co-operation from May 17 for a three-year term. He replaces deputy governor Min Jwahong, whose term ended today.

Governor Rhee Chang-yong praised Kwon’s “extensive practical experience” in international finance, having overseen the bank’s more than $400 billion in foreign exchange reserves for several years

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